How much tax would a Massachusetts resident owe on a $ billion

Lottery winnings are taxed as income at the state and local level and vary by location For instance, New York has one of the highest tax rates

How much tax would a Massachusetts resident owe on a $ billion Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska Many states do not charge additional tax on lottery winnings, but Alabama's

Lottery winnings are taxed as income at the state and local level and vary by location For instance, New York has one of the highest tax rates

mass lottery holiday raffle But property-tax bills will increase much less dramatically Ohio uses a complicated formula to calculate taxes, which flow to schools and, in

Calculate Mega Millions taxes in your state to see how much the lottery is worth after taxes with a lump sum payment or the annuity option

mass lottery second chance winners list If you take the lump sum option, there will be a federal tax of 24% on your winnings — about $ million You'd also owe more at tax time,

Estimate your tax on lottery winnings with our Lottery Tax Calculator Input your total winnings, lump-sum or annuity option, and state tax